Three Gorges powers into bond markets

The world's largest hydropower development company makes its international bond market debut with the first dual currency issue from a Chinese state-owned enterprise.

Three Gorges powers into bond markets

China Three Gorges Corporation made its international bond market debut on Wednesday, with a first dual currency transaction by one of the country's state-owned enterprises SOE.

In doing so, the Aa3AA rated group was able to take advantage of rallying credit markets to raise $700 million from a 10-year tranche and Eu700 million from a seven-year tranche. 

Particularly noteworthy was the group's decision to aggressively ratchet down indicative...

To continue reading, please login or register for free

Click for more on: china | bond | investment grade | jp morgan | deutsche bank | icbc

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...